WTI Hits Multimonth Lows as US Stocks Build

摘要

Oil prices dropped on Wednesday amid an unexpected build in US crude inventories. The Energy Information Administration’s (EIA) weekly report showed commercial crude stocks in the world’s largest economy up 2.1 million barrels for the week ended Jun. 1 at 436.6 million bbl. Inventories at the Nymex pricing point of Cushing, Oklahoma, were 900,000 bbl lower at 34.6 million bbl. Traders and analysts noted that oil inventories typically post draws at this time of year.